Energy – Page 54 – City Business News

July 1, 2018 No Responses

“NNPC Must Remit N20b To Federation Account”

As the controversy over alleged non-remittance of N20billion to the federation account by Nigerian National Petroleum Corporation (NNPC) continues, states on Saturday insisted the money must be remitted without further delays Chairman of the Finance Commissioners Forum, Mr. Mamood...

June 28, 2018 No Responses

Nigeria Targets 10% Global LNG Market

Nigeria has unveiled agenda to attain 10 per cent of the world’s market share in traded Liquefied Natural Gas (LNG) as part of measures to derive maximum value from its abundant natural gas resources. Group Managing Director of the Nigerian...

June 25, 2018 No Responses

NLNG To Receive 23,000 Cubic Metres New LPG Vessel In 2020

Moses Ebosele, ebosele@hotmail.com – Nigeria LNG Limited (NLNG) has concluded plans to receive 23,000 cubic metres new vessel in 2020 as part of measures to reinforce the Domestic Liquefied Petroleum Gas (LPG) market, boost volume and availability...

June 12, 2018 No Responses

NLNG Hands Over 85 Entries To Advisory Board

For the first time in the history of The Nigeria Prize for Science, sponsored by Nigeria LNG Limited (NLNG), the 2018 edition of the prize has received a record-breaking eighty-five (85) entries, from innovators and scientists in the electric power...

June 7, 2018 No Responses

Seplat Gas Business Lifts Total Revenue By $124 million

Seplat Petroleum Development Company Plc has pledged to sustain expansion of its Gas as part of measure to impact positively on its Group Revenue. Speaking during an interactive session with Journalists after the 2017 Annual General Meeting on Wednesday...

June 3, 2018 No Responses

Conoil Explains N1.4B Dividend

Conoil Plc has proposed N1.4billion as dividend payout to its shareholders for its last financial year in the face of daunting economic challenges in the country. This translates to N2.00 on every 50 kobo ordinary share. It is in line...

June 2, 2018 No Responses

NLNG Pledges To Deliver Over 300 Cargoes Worldwide

Nigeria LNG Limited is taking major steps at sustaining its reputation as a safe, reliable and secure supplier of Liquefied Natural Gas (LNG) and Natural Gas Liquids (Condensate and LPG) worldwide. Managing Director and Chief Executive Officer of the Company...

May 28, 2018 No Responses

Total Acquires 10 Per Cent In LNG Project

French oil and gas company Total has signed an agreement with Russian counterpart Novatek to acquire a direct working interest of 10 per cent in Arctic LNG 2, a giant liquefied natural gas project led by Novatek on the Gydan Peninsula...

May 18, 2018 No Responses

Green Economy To Generate 24 million Jobs By 2020

Twenty-four million new jobs will be created globally by 2030 if the right policies to promote a greener economy are put in place, a new ILO report says. According to World Employment and Social Outlook 2018: Greening with Jobs , action...

May 17, 2018 No Responses

Total Pulls Out Of $1Billion Gas Deal

French energy giant Total is preparing to pull out of a billion dollar gas project in Iran in the face of renewed US sanctions. Total said it will unwind operations by November unless sanctions are waived. Washington is re-imposing strict...

May 17, 2018 No Responses

National Assembly Increases Oil Price Benchmark To $51

The National Assembly on Wednesday passed the Appropriation Bill into law.The estimated expenditure proposed by the President Muhammadu Buhari six months ago was also raised to N9,120,334,988,225, an increase of N508 billion. Senate Appropriation Committee Cha...

May 17, 2018 No Responses

Shell Nigeria Increases Domestic Gas Distribution Capacity By 150%

Shell Nigeria Gas (SNG) Limited has increased its domestic gas distribution capacity by 150% over the last six months. The increase in capacity will enable the company to distribute more than 100 million standard cubic feet of gas per day...

May 14, 2018 No Responses

Kyari Appointed Nigeria’s OPEC Representative

The Nigerian National Petroleum Corporation (NNPC) says its Group General Manager, Crude Oil Marketing Division, Mallam Mele Kyari has been appointed Nigeria’s National Representative to the Organisation of Petroleum Exporting Countries (OPEC). The NNPC sa...

May 14, 2018 No Responses

NNPC Boosts Gas Supply To Power Sector By 88.89%

The Nigerian National Petroleum Corporation (NNPC) increased the supply of gas to the power sector by 88.89 per cent between January 2017 and January 2018. A press statement by the NNPC Spokesman, Mr Ndu Ughamadu, in Abuja on Sunday, said...